• 3 hours El Salvador’s Surprise Bitcoin Move
  • 3 days Markets Unfazed As Inflation Hits 13-Year High
  • 4 days How the Token Economy is Disrupting Financial Markets
  • 6 days FBI Investigating 100 Types Of Ransomware Attacks
  • 8 days Fed Ends Corporate Credit Emergency Lending Program
  • 10 days AMC Becomes the Latest Winning Meme Stock After GameStop
  • 11 days The Real Reason Your 401k Has Been Lagging
  • 12 days China Lifts Cap On Births, Allows Three Children Per Couple
  • 14 days The Market Is Ripe For Another GameStop Saga
  • 17 days Senate Grills Big Banks Over Pandemic Opportunism
  • 18 days Cannabis Has A Major Cash Problem
  • 19 days Ransomware Netted Criminals $350M In 2020 Alone
  • 20 days Russia Is Taking On Google
  • 21 days Chinese Regulators Deal Another Big Blow To Bitcoin
  • 22 days Ohio Residents Brave Vaccine for Chance To Win $1M
  • 24 days Inflation Is Coming. Are You Prepared?
  • 25 days Travel Might Get Another Supersonic Disruption
  • 26 days The World Is Running Out Of 6 Key Resources
  • 27 days $15/Hour Minimum Wage Might Happen Naturally
  • 29 days Money-Laundering Binance Probe Report Adds To Bitcoin Woes
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On SP500 And USDCHF

S&P500

S&P500 broke out of the fourth wave triangle towards the final wave 5 and is now in attempt to reach lower levels from new highs. We know that after every five wave impluse a three wave correction follows, so now we expect lower levels as in waves A-B and C. Support for this corrective retracement can be around 2071/2075, where previous swings can react as turning points higher.

Invalidation level is at 2040, as long as it hold we are looking to the upside.

S&P500, 30Min

S&P500 30-Minute Chart


USDCHF

On the USDCHF in the last wave C), price reached our projected levels around 0.951 region, from where a new intraday bounce occured. Because we think that last wave C) is an ending diagonal, a powerfull reversal pattern, we believe that price can now reach higher levels. First indicator for higher levels will be breake above the 0.960 mark.

USDCHF, 1H

USD/CHF 1-Hour Chart

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment